{"id":607458,"date":"2023-09-30T11:33:02","date_gmt":"2023-09-30T06:03:02","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=607458"},"modified":"2023-09-30T11:33:02","modified_gmt":"2023-09-30T06:03:02","slug":"vedanta-plans-to-spin-off-list-5-entities-as-2bn-debt-looms","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/vedanta-plans-to-spin-off-list-5-entities-as-2bn-debt-looms\/","title":{"rendered":"Vedanta plans to spin off, list 5 entities as $2bn debt looms"},"content":{"rendered":"<p>Mumbai: In a sweeping overhaul of his commodities conglomerate amid a looming $2-billion debt bill, billionaire Anil Agarwal plans to spin off five businesses \u2014 aluminium, power, oil &amp; gas, steel &amp; iron ore and copper &amp; zinc \u2014 from the Rs 68,000-crore Vedanta into separate listed entities. For every share of Vedanta, shareholders will receive one share of each of the five newly listed companies.<\/p>\n<p>Agarwal hopes the split will fetch higher valuations as the present structure loses attraction among Indian and foreign investors. According to Vedanta, the move would \u201copen multiple doors\u201d as the five separate entities can attract \u201cbig ticket investments\u201d, which may help the group reduce liabilities. London-based Vedanta Resources (VRL), which owns 64% of BSE-listed Vedanta, has $1 billion in bonds maturing each in January 2024 and August 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: In a sweeping overhaul of his commodities conglomerate amid a looming $2-billion debt bill, billionaire Anil Agarwal plans to spin off five businesses \u2014 aluminium, power, oil &amp; gas, steel &amp; iron ore and copper &amp; zinc \u2014 from the Rs 68,000-crore Vedanta into separate listed entities. For every share of Vedanta, shareholders will receive one share of each of the five newly listed companies. Agarwal hopes the split will fetch higher valuations as the present structure loses attraction among Indian and foreign investors. According to Vedanta, the move would \u201copen multiple doors\u201d as the five separate entities can [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,219,137],"tags":[],"class_list":["post-607458","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/607458","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=607458"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/607458\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=607458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=607458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=607458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}